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Copper: double bottom with next possible rebounds
After the highs of October 18, 2021 at 10450 $/mt, London-listed copper prices generated a 10.87% decline, returning towards the one-month lows at 9314 $/mt. On November 18 the quotations start to record new recoveries, with 4 consecutive positive sessions, including...
Zinc: Glencore’s possible maintenance plans fuel supply risks
Shanghai zinc prices strengthened Tuesday, hitting their highest levels in nearly three weeks, on global supply concerns after commodities company Glencore announced plans to put its zinc sulfide operations in Italy under maintenance. Glencore reported that the...
Aluminium: SHFE/LME price ratio increases in October
Chinese customs data reported an 8% month-on-month decline in the country's aluminum extrusion exports in October 2021. According to the data, exports stood at 74,400 tons in the said month, which also reflects a 4% year-on-year decline. The decline in exports could...
Tin: Malaysia Smelting Corp plans to revoke “force majeure” condition
Malaysia Smelting Corp (MSC), the world's third-largest tin producer, has told its customers that it is considering revoking its "force majeure" condition, during which its operations were suspended. MSC declared "force majeure" in June due to the coronavirus-related...